Shares of Fossil Group Inc (NASDAQ:FOSL) have earned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.33.
Several analysts recently issued reports on FOSL shares. Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday.
In other news, EVP Martin Frey purchased 5,000 shares of Fossil Group stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average cost of $9.70 per share, for a total transaction of $48,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Fossil Group by 0.3% during the 1st quarter. FMR LLC now owns 7,437,523 shares of the accessories brand company’s stock valued at $102,043,000 after acquiring an additional 20,000 shares during the period. BlackRock Inc. raised its holdings in shares of Fossil Group by 1.4% during the 4th quarter. BlackRock Inc. now owns 6,665,046 shares of the accessories brand company’s stock worth $104,842,000 after buying an additional 93,411 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fossil Group by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock worth $26,989,000 after buying an additional 169,086 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fossil Group by 567.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,572,406 shares of the accessories brand company’s stock worth $21,574,000 after buying an additional 1,336,698 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Fossil Group by 14.0% during the 4th quarter. Geode Capital Management LLC now owns 828,880 shares of the accessories brand company’s stock worth $13,038,000 after buying an additional 101,892 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.
Shares of NASDAQ FOSL traded up $0.44 during midday trading on Tuesday, hitting $11.48. 852,139 shares of the company’s stock were exchanged, compared to its average volume of 843,823. The company has a quick ratio of 1.22, a current ratio of 1.99 and a debt-to-equity ratio of 0.86. Fossil Group has a 12 month low of $9.46 and a 12 month high of $29.59. The business has a 50 day moving average of $10.83. The company has a market capitalization of $571.37 million, a price-to-earnings ratio of 12.08 and a beta of 0.55.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Wednesday, May 8th. The accessories brand company reported ($0.42) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.11. Fossil Group had a return on equity of 8.88% and a net margin of 1.34%. The company had revenue of $465.30 million during the quarter, compared to the consensus estimate of $453.97 million. During the same period in the previous year, the company posted ($0.99) EPS. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities analysts forecast that Fossil Group will post 0.55 EPS for the current fiscal year.
Fossil Group Company Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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